Nasdaq key resistance at the 200 day moving average at 7055/60. If we can follow the S&P higher look for 7095/99 & 7135/40.
Failure to beat 7055/60 targets 7010/05, perhaps as far as 6975/70. On further losses look for 6955/54 then strong support at
6938/34.

About the author

JASON SEN
Began to study technical analysis in 2006 and established Daytradeideas, the leading provider of daily technical analysis to independent & professional traders within the investment bank community for Stock Index, Energy & Fixed Income products, advising dozens of traders at up to 15 major investment banks and hedge funds on market movement, throughout each trading day on The Bloomberg Professional® service with trade ideas – entry, exit and target levels in daily reports published before the Futures markets open in Europe.